RDA Financial Network boosted its position in Visa Inc. (NYSE:V – Get Rating) by 2.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,189 shares of the credit-card processor’s stock after purchasing an additional 280 shares during the quarter. Visa makes up approximately 1.4% of RDA Financial Network’s investment portfolio, making the stock its 15th largest holding. RDA Financial Network’s holdings in Visa were worth $2,974,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the company. Global Wealth Strategies & Associates purchased a new stake in shares of Visa during the fourth quarter worth about $26,000. JDM Financial Group LLC purchased a new stake in Visa in the fourth quarter valued at approximately $29,000. McElhenny Sheffield Capital Management LLC purchased a new stake in Visa in the fourth quarter valued at approximately $31,000. Financial Freedom LLC purchased a new stake in Visa in the fourth quarter valued at approximately $32,000. Finally, St. James Investment Advisors LLC boosted its position in Visa by 58.7% in the fourth quarter. St. James Investment Advisors LLC now owns 219 shares of the credit-card processor’s stock valued at $45,000 after buying an additional 81 shares during the last quarter. 84.92% of the stock is currently owned by institutional investors.
Visa Stock Performance
NYSE V opened at $228.37 on Friday. The stock has a market cap of $427.81 billion, a PE ratio of 30.53, a P/E/G ratio of 1.75 and a beta of 0.97. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.56. Visa Inc. has a twelve month low of $174.60 and a twelve month high of $235.57. The stock has a fifty day simple moving average of $228.70 and a 200-day simple moving average of $222.96.
Visa Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, June 1st. Investors of record on Friday, May 12th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date was Thursday, May 11th. Visa’s dividend payout ratio (DPR) is 24.06%.
Insider Activity at Visa
In related news, CFO Vasant M. Prabhu sold 40,000 shares of the firm’s stock in a transaction dated Friday, April 28th. The stock was sold at an average price of $231.36, for a total transaction of $9,254,400.00. Following the completion of the transaction, the chief financial officer now directly owns 73,638 shares in the company, valued at approximately $17,036,887.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Visa news, CFO Vasant M. Prabhu sold 13,343 shares of the stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $234.26, for a total value of $3,125,731.18. Following the sale, the chief financial officer now owns 73,638 shares of the company’s stock, valued at approximately $17,250,437.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Vasant M. Prabhu sold 40,000 shares of the stock in a transaction dated Friday, April 28th. The shares were sold at an average price of $231.36, for a total value of $9,254,400.00. Following the completion of the sale, the chief financial officer now directly owns 73,638 shares in the company, valued at approximately $17,036,887.68. The disclosure for this sale can be found here. Insiders sold 116,277 shares of company stock worth $27,018,374 in the last three months. 0.21% of the stock is owned by company insiders.
Analysts Set New Price Targets
V has been the topic of a number of recent research reports. Barclays upped their target price on Visa from $270.00 to $272.00 in a research report on Monday, May 1st. Truist Financial upped their target price on Visa from $260.00 to $270.00 in a research report on Wednesday, April 26th. Royal Bank of Canada upped their target price on Visa from $262.00 to $265.00 in a research report on Wednesday, April 26th. Citigroup upped their target price on Visa from $270.00 to $273.00 in a research report on Wednesday, April 26th. Finally, KeyCorp boosted their price target on Visa from $250.00 to $260.00 in a report on Monday, April 24th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $260.08.
Visa Profile
Visa Inc operates as a payments technology company worldwide. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, click to pay; Visa Direct, a real-time payments network; Visa B2B Connect, a multilateral B2B cross-border payments network; Visa Treasury as a Service, a cross-border consumer payments business; and Visa DPS that provides a range of value added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.
Featured Articles
- Get a free research report on Visa from StockNews.com
- Mastering Discipline: Overcoming Emotional Challenges In Trading
- Darden Restaurants: Ring The Register Or Time To Buy?
- United Airlines: Cleared For Takeoff As It Approaches Buy Point?
- KB Home Hits Peak: Pullback Imminent
- Five stocks we like better than Visa
Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.
